The Azuki Elementals airdrop last week resulted in a dramatic decline in the NFT market, which has continued over the last 24 hours. Popular crypto researcher Colin Wu cites statistics from NFTGo to explain the decline. Affected by the Azuki incident, the NFT market fell sharply again in the past
Almost a year post collecting $4.4M to enhance the usefulness of non-fungible tokens (NFTs), Solana’s Cardinal protocol is shutting its door owing to economic constraints. Withdrawals must be completed by August 26th, according to a Twitter notification. By providing protocols and SDKs for staking, renting, subscribing, royalties, and trading, Cardinal
Adidas, one of the world’s largest apparel giants, collaborated with the well-known digital artist Fewocious to create a tangible shoe that will be sold with an NFT redemption pass. To further their exploration into the “art of play,” Fewocious and Adidas have collaborated on a limited-edition NFT mint pass titled
DUBLIN–(BUSINESS WIRE)–The “Global Non-Fungible Tokens Market Size, Share, Growth Analysis, By Type, By Application, By End-Use – Industry Forecast 2023-2030” report has been added to ResearchAndMarkets.com’s offering. The global Non-Fungible Tokens (NFTs) Market size was valued at USD 16 billion in 2021 and is poised to grow from USD 21.39
NFTs (Non-Fungible Tokens) continue to captivate the digital art and collectibles world, as evidenced by the substantial trading volumes witnessed in various NFT marketplaces during May 2023. This emerging sector has been gaining momentum, attracting artists and investors eager to explore the potential of blockchain-based digital assets. NFT Marketplaces Experience
According to a report by Nansen, the peer-to-peer lending and borrowing platform Blend, established this month by the newly minted non-fungible token marketplace behemoth Blur, has already handled approximately 16,000 loans for a total of 123,500 ETH, or $225 million. The marketplace Blur soon overtook OpenSea in terms of trading
SHIB Burn, the well-known Shiba Inu (SHIB) decentralized token-burning initiative, is gearing up for the much-anticipated debut of its new site next month. The new platform will bring cutting-edge technologies to revolutionize the token-burning process, guaranteeing consumers a better and more gratifying experience. Earning Money While Burning Shiba Inu Adding
The Shiba Inu burn initiative is one of the prominent developments by the meme coin team. The burn initiative was put in place to reduce the circulating supply and induce a price hike in the long term. The Shibburn tracker, a tool that monitors SHIB transfers to inactive wallets, recently shared a
Fracton Protocol has launched hiBAKC on KuCoin, further expanding its hiNFT token family. This revolutionary move involves fractionalizing the coveted Bored Ape Kennel Club Collection into an ERC-20 Token, defying expectations and driving its price up by an impressive 1,100% on its first day of trading. 💥World Premiere💥 📢New Listing
As of right now, users of Binance NFT will be able to borrow cryptocurrency using their NFTs as security. Users will be able to swiftly and simply access liquidity by borrowing ETH against their NFTs thanks to the loans, which will be made available with a few high-profile NFT projects
